Evening Star Newspaper, October 7, 1930, Page 15

FIN PRICES GO LOWER IN CURB MARKET ~DIsturbing Foreign News and . Earnings Reports Cause Some Selling. Bl ¥ a 2 BY JOHN A. CRONE. Bpeetil Dispatch to The Star. ® NEW YORK, October 7.—Weakness Jn London markets, further declines in mnod!uea and disturbing, foreign Wmews along with unfavorable earning ts cauted the Curb Exchange today o turn active and move lower. & The warning given to the bears by U_!change officials regarding the circu- ition of rumors with the intent to bring about liquidation proved ineffec- ve, since many stocks had come with- such a small fraction of stop loss Prders that the latter were caught and refore contributed to the selling vement. ‘The market, by virtue of the present idation, is laying the strongest kind foundation for an advance, but this may not come immediately. o Better grade issues, as Is always the @ase mear the end of or in the final se of a “bear market,” were offered lv today. Then the leaders such Bs Electric Bond & Share, Goldman Sachs, Pennroad Corporation, United Gas new, Ford Motor of Canada A and simiar issues were hammered to new low prices in forenoon trading. Stocks again today decided to ignore worable news and to react on unfa- vorable developments. As a result American & Foreign Power and Br 4ilign Traction & Light, on the revolu- tlonary developments in Brazil, broke through previous low levels. -/ Consolidated Gas of Baltimore re- fltcd net income for the 12 months led August 31 of $7,478410, as inst $7,065,173 in ¢he same lod Jast year. Yet the stock broke 13 immediately after this announcement. 2f American Commonwealths Power Qorporation issues declined despite President Hulswit's statement that the mpnny, believ] commodities were ping bottom, purchased large quantities of raw materials for new emslrucllon 1 .| Washington Produce b !ut?i—me-wmd prints, 44a45; current re- lah 18-19' roosters, 18al9; 4; turkeys. 33a35. » Meats, fresh killed—Beef, 19a20; veal, Em. ‘ub 211; pork lutns. 27; fresh fresh shoulders, 22; smoked ; 23; smoked shoulders, 20; bacon, ll.rfl. in bulk, 15; one-pv\md pack- uve s'nck—-cuvm ll“' lambs, 7%. « Fruits—Cantaloupes, 1.25a1.50; lmn- -50a2.00; P!rlhn ! 00; cabbage, w-pounfl sacks, 125a1.50; squash, 1.50, * pamk CLEARINGS. Bpecial Dispatch to The Star. ifw YORK, October 7,—Bank clear- e Mt Today. Year ago. vank $1,371,000,000 $2,317,000,000 176,000,000 309,000,000 165,000,000 200,000,000 53558 = = TE2SES: W F ks 2828 SN F 1o F S5 2RR RN, SRS R LRENEX ARE 3 2988538888828 283285883; o 8 285858 22538355888 .é‘ffgs &‘;” 5 = E3E) -t St BB SERERRE33s:! +* =Se. 523 ¥ TEES F ORI 2 Firestone Tire 55 '42 3 Fisk Rubber s, 31 9Florida P & L 2 Gatineau Pow 8 '35 65 B 8Gen wal :mnP&Ls‘un dt Oil 6s guss28e EEEEN & IEFEF s:'éEEa::ssssa.. FHeee I B ST 12 1 o 6 '35 910 } s 2030 wi 93 10 Westvac ChE 8525 31 103 FOREIGN BONDS. * 3IBRI2BRIABRRIL = o F # .. A 28 3282328 RI3I8RIS ¥ 5322 1mgRIu8ESIg 3 i-'—'l 2 83323222, any! azs > Terni 6135 Upit Indust 6 ww—With warran Without warrants. - ANCIAL Note—All stocks are sold in a excepting those designated by the which shows those stocks to be ~Prev. 1930.~ Stock and 8al High, Low Dividend Rate. Add 14 Aero Supply A'(1%) 16 Afliliated Prod 1.60 15 Ainsworth Mfg 32 3 Alr Investors vtc 11% Air Investors cv 100 Ala Gr Sou (17) % 15% All AmGen Corp. 315 Alleghany Corp wi 3 Allegheny Gas. Alles & Fisher (2 Alled Mills (60c). . Aluminum Co of Am Alum Goods ( 3% Amer Austin 26 Am Bakeries (A) 3% Am British & Cont. 7in Am Br B fd shars 30 Am Capital pf (3) ital pr pf 5% 35% Am CP&L (A) (ad). 12% Am CP&L B (10%). 17% Am Com P A (b10%) 34% Am Com P B (10%). vanamid (B). . T NJ ev pf (7). 10% Am Equitles 30 Am For Pow (war) Am Gas & El (31) Am Gas & ELpf (6).. 2% Am Invest (war).... 7% Am Invest Ine (B).. 5274 Am Lt & Trac (23%). 29 Am Maize Prod (2).. 1% Am Maricabo. 7% Am Natural Gas. 3 Am Pneumatic 17% Am Superpow (1)... 94% Am Superpwr 15t(6) 6% Am U & G B vtc 40c. 15% Anglo Chil Nitrat 7% Appalachian Gas. 7% Arkansas Nat Gas 7% Ark Nat Gas (A).... 7% Ark N G cu pf (60¢). 102 ArkP&Lpf (7). % Asso Dyeing & Ptg. . 4% Asso Elec Ind (30c¢). 28% Asso Gas & Elec 30 Assc GEE A (212.40) 89 AssOG&EDpf(5)... 92 Asso G & Elctfs (8). 1 Asso Laundries. . % Atlantic Fr & Sug... % Atlantic Lobos. . 14% Atlas Plywood (2). 7 Atlas Utli Corp. 2% Atlas Utilities war. . 8 Auto Vot Mcv pf pt 24% Aviation Cor of Am. 120 Babcox & Wil (18).. 2% Bahia Corp. .. . 14% Bickford's Inc (1) 16% Bliss (E W) Co (1).. 644 Blue Ridge Cp (40c). 33% Blue Ridge cv pfas.. 29% Brazil Tr & Lt (h2). 2% Bridgept Mach (25c) 53 Buckeye P L (4). 24'% Bufft N&EP pf (1. 60) . 7 BurcolIne.... P © T L T T T S ST VPN PP PSP 1% Burco Inc (war) 89 Burco Incevpt (3). 2% Burma Corp (t31c. 84 Butler Bros (30c) e 3 Cable&W pf rcts 19¢. ® Carman & Co A (2).. 59% Celanese 1st pf (7% ) 12 Celluloid Corp. 19% Cent Pub Sve A a1.76 17% Cent & SW Ut b6%.. 17% Cent 8t EI (k40c) . 9% Chain Stores Stock. . 221 Charis Corp (13).... 17% Chat Ph Al nv (50c). 24% Citles Serv (g30c). .. 88 Citles Serv pf (6)... 3 Club Aluminum Uten % Colombia Syndicate. 3 Colon Oil... 2214 Colts Pat Fire A (2). 5% Col Oll & Gas vte. .. 24 Columbia Pie (£134). 31 Col Pict vt (f134). . 234 Com Edison (8)..... o woBnnornnSnnErbannSnna mareree~ 'S 1Y) » Ty a3 Ra % Comstock Tunnel. 11% Com Wat 8v (b6%). % Consol Auto Merch. . 90% Cons Gas Balt (3. 10 Consol Laundrie: u) 5% Consol Retail Stores. 68% Cont Shares pf B (6). 1% Cons Theaters. .. 4 Copeland Princ A 5% Cord Corp...... 7 Corroon & Reynolds 63 Cor& ReypfA (6).. 8 Cosden Oil.,... 4% Creole Petroleum. ., 11% Crocker Wheeler. ... % Crown Cent Petrol, 9% Cr Cork Int A (1)..,. 30 Crown Cork pf(2. 10) 16 Cuneo Press (2%)... % Curtiss Wright war, % Cusi Mex Mining.... Davenport Hos (2).. E TN Diamond Match new. 24% Dia Mateh cu pf (n). 8% Doehler Die Casting. 12% Douglas Alr (75¢)... 31 DressSR(A) (3%). 41 Driver Harris new. . 2 Dubilier Cond & Rad 140 Duke Power (§15)... 7 Duquesne Gas Cp wi. 2% Durant Motors. 3 Duval Tex Sul wi. 23 EastG &F Asso. 18% East St Pow B ( 5 East Util Inv (A) oo RR2 LT R T 92% ElBond & Shcu pf 5. 19 FElec Pow Asso (1)... 16% Elee Pow Asso A (1) 28% El Pow & Lt op war. . 14% Elec Sharehold (31), 37 Emp Pwr pt (14.60) 4% Empire Corporation 5 Empire Fire Ins. 99 Emp G&F cu pt 15% Emp P Ser A (a1.80) 39 KEureka Pipe L (4). 11% Europ E Ltd A (60e) 1% Evans Wallow Lead. 1% Fabrics Finishing. 2% Fairey Av Ltd (12 42 Fajardo Sugar... 13 Federat Metals t1%. 12 Flintkote (A) (1%). 6 22 Ford Mot Can A 1% 29 6% Ford Mot France 280 3 10% Ford Mot Ltd 37%e. 79 4% Foremost Fabrics.., 4 a L T e LR PR 3 S 5 2% Fox Theater C] (A) 6 Franklin Mfg Co. 6% Gen Alloys (80c). 2 General Baking. . 27 Gen Baking pf (3)., 10% Gen E Ltd ret (50c). 27 Gen Firepr (12%)... 2 67% Gen G&Ecv pf B (6) 50s 2% Gen Laundry Mach.. 4 110 Gen Tire & Rub (16) 40s 72 Glen Alden Coal (8) 1 Gold Coin (new: % Golden Center 1 Goldfield Cons 1% Goldman Sach T’ Gorham Inc pf (3 GrA&PTn-v (5 Grief & Brother Grief & Br pf X 28% Guard Fire Asso (2 97 Gulf Ofl of Fa (1%). 16% Hazeltine Corp (2).. 8% Hecla Mining (1)... 5 Hollinger Gold (80c) 26% Hormel (Geo) (2). 35 Horn & Hard (2%) 12% Houston Oil of Tex. 5% Hudson Bay M & 75% Humble O1l (2) 31% Hvdro Elec Sec 2% Hygrade Food Prod. 18 Imp Ofl of Can (50c) 15 30 Ind PipeLinen (13). 1 26% Ind Ter [lluOfl (A). 27 14 (nd Fin ctfs (b10%). 5 60 (ndus Fincv pf (7).. 50s 46% [nsull Ut (tb10% %) 59% InsCo N Am (12)... 7% Insurance Sec (1.40) 1 Intercontinent Petp § THE EVENING STAR, WASHINGTON, D. C, NEW YORK CURB MARKE GM share lots letter s (80s) (250s) d in od i 8 8 % 107% L % 5 29% 30% 9214 ms A 108% 98% 21% 18% 36 15% 3T% 4% 6% odd lots only. . Low. Close. 14% 14% 16% 161 16 16 3 3 12 12 100 100 15 ~Pre High. Low. 18 5% % 24 19% 1% % % 36% 65% 21% 22 1 11% 10 3 55 4 Mid St Pet vtc B ¢ Mid W St Ut (1%) % Loew's Inc war) Stock and Dividend Rate. Isotta Franchini war Italian Superp (A).. Itallan Superp war., Jefferson Elec (2) Kirby Petroleum. Kirkland......... Kolster-Br (Am Sh). Lackawanna Sec (4). L'Alr Liquid, Lane Bryant ( Lefcourt Real pf (3). Leonard O11. Libby McN Lion Ofl Ref (2) Lone Star Gasn (1). Long Isld Lt (55¢).. Long Isl Lt pf (7)... Louisfana Lan & Ex. MacMarr Stores (1). Mangel Stores. ... Mangel St pf (63%) Marconi I Mar (38¢). Mass Util Asi Mavis Bottling Mayflow Asso Mead Johnson (1434) Memphis Nat Gas. .. Mesabi Iron. Met & Min Ine (1.20) Mid St Pet vtc A Mid West Ut (b8%). Mid W Ut cv pf xw 6. Mid Roy cv pf (2)... 4 Midld Nat Gas A 1.20 Mid St Prod n (2)... Midland Utd (b6%). MidlandUnited war. MoKanPL (b10%). Mo Kan P L vte. . Moh H P 2d pf ('I)H. Monongahela WP P, Moody's I § pt pf (3) Moore Drop F(A) (6) Mount Prod (1.60)... Municipal Serviice. . Nat American Co, Nat Aviation Nat Baking Co. . at Baking pf (7 Nat B & Sh cp 504 Nat Fam St b2% % Nat Fuel Gas (1) Nat Investors. .. Nat Rubber Mach (1) Nat Screen 8v (2)... Natl 8 T Sec A £50c. Nat Sugar N J (2) Nat Transit (1). M & New Brad Ol (50e). New Eng Pow pf ( NJ Zine (12%). New Mex&Ariz N Y Tel pf (6%) 39 l\llt—flud Pow (40¢) 121 gara Sh, Md(40c) m-Pnd 12% . EI Corp (80¢) Noranda Mines (2) Nor St Pow pf (1 N W Engineer (2 Ohio Ofl n cu DE(8).s Outboard Mot (A)... Pac G&E 1st F (1%) Pac Pub Sv (1.30)... Pac Western Pandem Oil. Pantepec Oil. ... Paramount Cah M Parke Davis (11.65) Pennroad Cp (20¢). . Penn Gas&El (a1 Penn Mex Fuel (2).. Philip Morris Inc Plerce Gov (1%) Pilot Rad Tube ( Plymouth Oil (2). Polymet Mfg (b4 % % Premier Gold (24c). Prince & Whit pf (3) Prod Royalty (£1) Prudential Inves Pub Ut Hold (50« Public Util Hold war Pub Util Hold x.w... Puget § P & Lt pf(6) Pure Ofl pf (6) R R 8h Corp (26c) Reiter-Foster. .. Reliable St (b5%) Reliance Manag. Reybarn Co. Reynolds Invest. Rhode Isl P S pf(2). Richman Bros (3) Rock Lt & P (90¢)... Roosevelt Fleld xnc. Rossia Int Corp. Safeway Sors war 24 10, St Regis Paper (1) 4 R Indall ctfs(4% Shattuck Den Min Silica Gel ctfs. Singer Mfg (119% Sisto Finance Corp. . Smith (A 0) (2).. Sou Penn O1l (12%). Southern Corp. . Southldfloyflly(‘fle) Spanish & Gen rets. . Spleg M St pf (6%).. Stand Holding Corp. Standard Motors. ... Stand O1l Ind (2%).. Stand Ofl Ky, (11.80) Stand Oil, Neb(131) Stand O Oblo pf (7). 370 Stand Pow & Lt (2). 3 R PNCT O % St Pow & Lt ptf (7).. Starrett Corp. . Stein (A) & Co (1.60) 4 Stein Cosmetics. Stromberg-C (11%). Strook & Co (1).sese Stutz Motor Cal Sun Inv pf (3) Swift & Co new (2),. Swift Intl (13%).... Tampa Electric (32). Technicolor Inc o E - S o o - o NN R - AHOHAT A RE NSNS N TNNE A B D MRS » S FNSTNE =T P P ) Sales— Add 00. Open. High. Low. 10 - AT A s 4 M PN EEA S Teck Hughes (60c).. 108 Texon Oil&Land (14) Thatcher Sec,Corp. Todd Shipyard Tubize Chatel (B) Twin St NG A pt ( Union Am Invest. ... Un N G of : Utd Car Fast (60¢). . Unit Carbon pf (8).. Utd Corp ( Utd Gas Co (new) Utd Gas (war) Utd Gas pf (7) U 8 Dairy (A) (5) U 8 Dairy (B).. 1 10 10 6% 2% .10 6% 6 2% 2% 20 1% % Received by Priyate Wire Direct to The Star Office Close. 10 6 2% X i TUESDAY, OC IFALL SALES PEAK NOW APPROACHING Labor Men Want Merchants to Use Added Initiative in Boosting Business. BY J. C. ROYLE. Labor, which received encouraging words Monday from President Hoover, does not need encouragement so much as industrialists and merchants need it, according to some of the labor leaders. President Green of the American Fed- eration of Labor indicates that labor can buy commodities at present prices. It is a question, however, in some industries whether producers can turn out thete commodities to sell at present prices and still make a profi Labor leaders say buslness oppor- tunity is opening up, that fundamental adjustments have been made and wholesale E““S are more stable, while the outlook for employment is bright- ening. Overcaution, the labor execu- tives say, has left merchants unpre- pared for the business they have been waiting for. They have been unwilling to stock heavily and as a result some 4 | purchasers have found bad selections, missing sizes and incomplete lines on the shelves. This trend extends back to the manufacturers, who have held down production to consumptive de- mands and have small stocks of goods on hand. New Industrial Attitude. In general this whole situation is a healthy one, but it is one which none the less requires judicious handling. If production and wholesale distribution are put off too long, retail sales are sure to be lost—and some buyers have just found out how much they really can do without if they have to. More- over, all along the line sellers must accommodate themselves to the present lowest scale of retail commodity prices. Cost of living is nearly 7 per cent lower today than it was a year ago. To put prices up now would, it is feared, have the immediate effect of curtailing purchases. It appar- ently is up to the producers and mer- chants, therefore, to cut costs so that rices will yleld a profit. That is what fflbflx‘ is clamoring for. They call it “efficiency,” but the meaning is the same. Labor leaders have at last dis- covered that producers cannot hire workers unless the producers are mak- ing a profit. Labor insists that effi- clent management will assure this profit. This is a somewhat new attitude in the industrial world. Heretofore the ployers urging that workers improve their efficiency. Sales Peak Approaching. ‘The high ralm of Fall retail sales is now approaching. Labor is urging thnc merchants take advantage of this riod, use initiative and salesma: p and so aid in ending the depression in 5 | retail business. Special stress is laid by labor leaders on the necessity for news- paper advertising and for special sales effort. It is ascerted that any reduction in wages would merely cut buying power and reduce, rather than raise, profits. Employment gains have been unmis- takable, even if small. This is not evi- dent, however, in the building trades. The improvement in building, which usually comes with the Fall montns, has been of smaller proportions tham nor- mal, according to bullding trade artl- sans. What ga'n there has been scems to have centered in home building, and thls is regarded as a most encouraging Reports from’ across the border to hbur leaders gathered in Boston indi- cate that Canadian workers, whiie af- fected by the world-wide depression, have suffered less than those of most sther countries. Production has dropped about 15 per cent less in Canada than in this country, it is stated. At the moment, activity in the public utilities is the backbone whch is keep- ing the labor situation upright in this country. (Copyright, 1930 — $100,000,000 CANADIAN BOND ISSUE ANNOUNCED By the Associated Press. NEW YORK, October 7.—Formal an- nouncement was made today of the of- | fering of a $100,000,000 30-year 4 per | cent bond issue for the government of % | the Dominion of Canada. The issue is | the largest foreign bond flotation in the American market this year. The bonds were offered at 9512, to yield about 4.28 & |per cent. | —_— CHICAGO LIVE STOCK MARKET | 4, CHICAGO, October 7 (#).—(United States Department of Agriculture).— Hflfl! receipts, 23,000 head, including 3,000 directs; active; strong to 20 high- er; heavies up most; bulk, 180-310 pounds, 10.10a10.35; few, 10.40a10.50; top, 10.60 Plcktng sows, 8.00a9.00; pigs, 9.0029.50; ht light, good and choice, 140-160 pcund.a 9.4 35!10 15 llxht welflht 160-200 pounds, 9.90all weight, 200-250 pounda hnvyweu;m 250-350 10.60 g sows me: slaughter and choice, 100-130 pounds, Bsacien, Cattle, 8,500 head; calves, 2,000; gen- eral_trade slow; only highly flnhhod yearlings getting much action; 13.35 aid for 924-pound y“flmgc several oads, 12.00a13.00; 'k slow, steady; bulls, strong, and vealers, 25-50 lower, slaughter cattle and vealers, steers, good and choice, 600-900 pounds, 11 25!13 35; 900-1,100 pounds, 10.50a 1,100-1,300 pounds, 9.25a12.50; 1 300 1,500 pounds, 9.25a12.25; common and_medium, . 600-1,300 pounds, 6.50a 10.25; helfers, good and choice, 550-850 pounds, 10.50212.75; common and me- dium 5.75a10.50; cows, good and choice, 28.00; common and medium, 4.25a 550 low cutter and cutter, 3.00a4.25; (bulls, yearlings excluded) good choice beef, 5.75a6.75; cutter to medium, 3.75a 5. 75. Vealers (milk-fed), good and choice, 10.50a12.50; medium, 8.50a10.50; cull and common, 7.50a8.50. Stocker and d choice 500-1,050 pounds, and medium, 5.25a7.25. Sheep—Receipts, 24,000 head; mlrket strong to 25 hlfinr advance mustlg fat lambs; bulk natives, 8.00a8.5 packers; top to city butchers, 8.75; hest range lambs held above 9.00; white- faced feeders, 6.25a6.50; 90 pounds down; good choice, 7.75a9.00; medium, 6.50a7.75; all weights common, 5.0086.50; ewes, 90-150 unds, me- dium to choice, 2.00a3.75; all weights, cull and common, 1.00a2.50; feeding lnmbs. 60-75 pounds, good choice, 6.50a’ e e N MERGER SEEMS NEAR. NEW YORK, October 7 (#).—It is re- ported in_Wall Street that an agree- ment has been reached for consolidation of Gillette Safety Rezor Co. and Auto- strop Safety Razor Co. and that the necessary financing to take the form of $20,000,000 10-year convertible 5 per cent notes and about $31,000,000 of 5 per cent preferred stock convertible into common for five years, will shortly be announced. The proceeds of the notes would be used for working capital and the $31,000,000 of preferred would be offered in ex- change for the 310,000 shares of Auto- strop stock. ~Prev. 1930.~ Sales— Stock and Dividend Rate Vacuum Oil (4) Venezuela Petrol Vie Finan Cor (40¢). Walgreen Co. Walgreen Co Walker (H) (1) Wayne Pump Welch Gr J €13 3 loudest clamor has been raised by em- | o 4 Add . Open. High. Low. 1 8% 50 TOBER 7, 1930. Three years ll“ weekly aver. . .14 High, 1930, DECREASE IN CRUDE OIL OUTPUT NOTED Lowest Level Since July, 1928, Is Reached During Last Week. By the Associated Press. TULSA, Okla., October 7.—The daily average production of crude oil in the United States for the weck ended October 4 was 2,378,645 barrels, a de- ell.ne of 3,572 from the preceding week’: [ure. the Ofl and Gas Journal l»asfi.lf The drop carried the country’s output to the lowest level reached since early in July, 1928. The decrease was en- ity oil, the yield of 4,676 barrels, he total for the Midcontinent area, including both light and heavy ofls, was 1,261,597 barrels, an increase of 4,208. While and Kansas showed small declines, other areas registered gains. Oklahoma production was down 640 barrels at 557,885 and Kansas had a loss of 680 barrels at 115,740. West Texas, with an output of 270, 1!4 barrels, & gain of 3,128, and Central Texas, with a gain of 1,987 barrels at 103,698, largely for the increase. Baltimore Markets BALTIMORE, October 7 (Special).— Poultry, alive — Chickens, Springers, pound, 20a27; Leghorns, 18a23; old hens, 17a24; Leghorns, 13a16; old roosters, 14al15; ducks, 13a20; Guinea L socpocm S e nosrby neniry whites, firsts, 407 firsts, 30; the firsts, 28; current receipts, to fancy creamery, pmmd, 36a42; ladles, 28a30; rolls, 27a ; process, 32a34; store packed, 23. Baltimore Produce. Potatoes, white, 100 pounds, 1.50a2.10; bfl!’tll 225““ sweet potatoes, barrel, .2523.75; beans, beets, 100, 2.0024.00; wn, 15.00a23.00; carrots, 100, celery, crate, 1.00a1.50; cauli- .no corn, dnun. 158 ushel, ooll ; lettuce, crate, 8 00a1.25; accounted matoes, hmper, 20a50; Savoy cabbage, bushel, 75a85; packing stock, tomatoes, bushel, M apples, bushel, 50a1.75; cantaloupe: crate, 1.00a1.75; damscns, Dushel, 1.8082.00: basket, 14a15; pe-chzl. bushel, 1 .50; pears, bushel, 50a1.75. Hay lnl Grain. eat—No. 2 red Winter, expoxt. ufl/.. No. 2 red Winter, garlicky, § Va; October, 82%; November aa,. —No. 2 domestic, yellow, new, 1. o;n Dl’.‘ Oobl; eornmub .0025.50. ye—Nearby, Oats—White, No. 2, new, 47; No. 3, 46. Hay—Receipts, 10 tons. General hl! market strengthening. Drought seriously curtailed nearby crops, chmg- the entire situation. secm‘xiu m{w tofore shipping are now askin; offers of hlym‘owd clover mixed and umoa% new hay will bring from 24.00 to 2 Whenv:;‘lw. No. 1, per ton, 9.00a 10.00; oats straw, No. 1, per ton, 9.00a 10.00. Live Stock Market. Oattle—Receipts, 100 head; light sup- ply ‘market IM cxiatias to l:lwi ce, IWI'.W. m jum to good, 6.5028.00; fair to medium, 5.50a6.50; to fair, 5.00a5.50; common to plain P its Ohoics to , none; good ‘Bulls—Choice prime, to_choice, 6151!00. medium _to 550-575' falr to medium, 5. plain to fair, 450!600. llin 4.00a4.50. Cows—Choce to prime, none; good to choice, 500‘550. medium to good, 4.50 85.00; fair to medium, 3.50a4.50; plnln to falr, 2.50a3.50; common plal 2.00a2.50. Heifers—Choice to prime, none; good to choice, 6.50a7.25; medium to good, 5.5026.50; fair to medium, 5.0025.50; plain to fair, 4,50a5.00; common to p]nln 4.00a4 50. Fresh cows and springers, 30.00a80.00. Sheep and lambs—Receipts, 100 head; ngm supé:ly, market mndy Sheep, Hop—Rec ) um'm’)ng wdgll ht uup eip ead; lig] - ply; market hllher. Lights, 10.40 1055, heavies, 10.00 to 11.10; n'l!dmm. to 11.10; roughs, 7.25 to'9.25; 5 to 10.25; pigs, 10.00 to 10.60. Calves—Receipts, 50 head; light sup- ply; market steady. No change in prices. BRAZILIAN SECURITIES SLUMP IN LONDON By the Assoclated Press. LONDON, October 7.—Brazilian se- curities on the London Stock Exchange today suffered something of a slump on news of a revolt in the South Amer- e‘-flmuoonnm ked d quotations and ers mar! lown l‘n aodmn m;“yunceu those wishing to sell ound no buyers. per cent paper declined 62 5 per cents, 1913, were , 1927, fell s foin u were qu 5 lown Leopol in!l to 27 and 'wl ell 7 points to 155. Announcement o( the of Bru- zilian banks until up business in Brnuhn mfi.rell on '.lu exchange market, where only normal quotations were posted. common to land, has banned Sun- dw mlnhture golf. FINANCIAL. STOCK AND BOND AVERAGES By the Associated Press. (Copyright, 1030, Staudard Statisties Co) PACKERS SEEKING LAW MODIFICATION = Swift and Armour Sue to Sell Other Food Than Meats. By the Assoclated Press. Representatives of two large packing companies prepared to renew in the Supreme Court of the District of Co- lumbia today their effort to secure modification of the packers' consent decree. ‘The suit brought by Swift & Co. and Armour & Co. last year to obtain per- mission for handling other food than meats and for freedom to sell their their own dlnrlbuwrm facilities was scheduled to reach the stage of evi- dence taking. cwm&‘(w t] s planned to place of Agriculture De- legislative ehnn‘u recent years. These, the packers contend, have made the consent decree unnecessary to lntezund public interest. They are ingwprbvellmthllluc ation is detrimental both to live -5& producers and meat consumers. Both the American Natinoal Live ?vtg:‘kagmhlhn lhnd the National wers’ Association were expect~ e Bas ees 15, W] a- tional Wholesale Grocers' Associaf and the Ame Grocers’ Auochclon will join the Government In opposition to modification. Pleas for intervention on behalf of these organizations were w be heard by Justice Jennings Bailey. The Govefn- ment case is being handled by John Lord O'Brian, Assistant to the Attor- ney General. ANOTHER POOR CROP HITS DALLAS AREA Federal Reserve Report &fl Re- cent Rains Have Not Helped Conditions, Mlll Dispatch to The Star. prices, has upon business and industry in the eleventh ghmm glen:oxdnumce of the severe roug! ugust left of the dlflfli: in a critical munon Southeastern and North Louisiana - will lnl.l wnllderlb!y short of_that in 1929. In ma; srfion otihlz series of poor crop years. In those sec- tlons where good crops are being har- vested the low prices be received for rmdnm are materially the re- urns from the :umnt crop. Ranges deteriorated rapidly in the drier sec- tions, and while live stock held up well under the circumstances they are be-. ginning to show the effects of poor ranges. Market for lve stock have strengthened somewhat since the middle of August, but trading on the rlml:’lt foe o 'lfl ultural situs ng r agricultural situa- tion, ?«he demlnlr;a merchandise con- tinued sales in most mpomn‘ uneu "ot wholeu!e trade re- flected a seasonal increase over July, they fell considerably short of the Au- gust, 1929, volume. m ind.luu that retailers are still b Ty spar- ingly and are keeping inventorlu at a minimum. the fact that the poor con- WOOLWORTH SALES. NEW YORK, October 7 (#)—F. W. ‘Woolworth Co. today reported Septem- ber sales of $23,352,534, an increase of 0.4 per cent over sales of $22,264,336 for the corresponding month last year. This was the first time since April the chain has reported a gain over last year. H. T. Parson, president, said the en- tire Eastern district, from Maine to Florida, inclusive, and as far West as Pittsburgh, as well as the Pacific'Coast district, showed a gain of 5 cent in old stqres, a loss in same stores of 6.32 per cent in August. “Stores west of Pittsburgh and east of the Rockies,” he added, “show a very much improved condition in sales, as their loss in old stores for September is only 7.5 per cent, against a loss in Au- xulz in the same stores of 16.5 per sent.” . LONDON COPPER. N, October 7 (#)—Standard t, £43 17s 6d; future, £43 158; , spot, £46 lh' !uum. £47 future, Zinc, spot, £14 7s 6d; future, £14 17s 6d. U. 8. TREASURY BALANCE. The United States Treasury bajance | ounced today as of close of busi- 4, wu mau;'mu for the month to date ordinary ex- 939, pum Ger the viih of the Dot are or States Ty it being es- ~Prev. 1930.~ Olose. | High. Low. 70% 1% 694 T70% 2 2 1% 1% 6% 6% 6% 6F 1 31 31 31 8% 8% ~g 50. 50 b8 15% 4 Stock and Dividend Rate. 46% 181 West Aflr Exp (60c). 1 28% 107% 100% West Pow pf (1).,.. 100! ll)l Wil-Low Cafeteria. . nmu-nfl rates In dollars based on |n| -n-rurly or semi-annual spend $1,500,000 while Afl 00, Open. High. Low. wus ‘A—15 DVIDENDS EXCEED RECORD YEAR AGD More Money Also Paid Out in Interest So Far in 1930, Report Reveals. Special Dispatch to The Star. CHICAGO, October 7.~Despite \u business depression, dividend and ine terest payments on capital invested in American business and industry during . the first nine months of 1930 were Ih largest in the history of the country, ex+ by_approximately msu'lo.m ceeding last yen s reonrd- total for the same period, according w m summd American Corfion ul?e‘gmmm 800,000 at of the last quarter of the stated, accounted for m than $443, 800,000 of the increase. rest pay- ments totalled ,200,471,000, ln in- crease of“:W’I‘,eldOM M& m: hl&‘h record during it ni mmt?f 1920, fled By th cs comp e corporation also showed that in 'L. r‘p; years American capital invuun ts paid an nu of 045,109 018,000 in dividend and payments. In 1929 this type 01 investment return established a high record, -me?un; $7,453,000,000 —the equivalent of $60.73 per perm on the basis of the new census. In 1920 the total was only $3,414,000,000, or $32.30 per person on the basis of the census of that year. The following compilation by the Standard American Corporation shows dividend and interest payments during the first nine months of 1930, as com- pared with the same period in 1929: Dividends. January February March product direct to consumers and through Febraasy $3,200,471,000 $3,009,201,008 ‘The tmprenlve record being made by corporations, duplte lower earnings and profits, is shown by the monf.hly dividend figures compiled by the United States Department of Commerce. These fore January 1, 1931, they may total,but slightly more than last year. GRAIN PRICES DROP IN CHICAGO MARKET Weakness in Stocks Spreads to ‘Wheat, Which Tumbles 3 Cents Per Bushel. By the Associated Press. —om-udlg developments in the market, grain values nw(; lnlll:h u!eenu-bulhalu which of late has aumu.hud advances ln wheat values, :&iy no' ~ demand f consequence for wheat n‘oln North America was heard of. for buttnr'.henmumelnmymnm wul‘le:: than at the corresponding instances the situation is ag- | 33, year is a culmination of a | December o) January COTTON SELLS LOWER AFTER EARLY GAINS Weakness in Other Markets Lead- ing Cause of Selling in Futures. By the Assoclated Press. NEW YORK, October 7.—An early advance of a few points in cotton on reports of further rains in the central and western belts was followed today by declines under realizing or reselling by some recent buyers who appeared to he influ-nced by the failure of ‘the weather news create a more active demand and by wu.knul tn grain and some of the other markets, g BOURSE IRREGULAR. PARIS, October 7 (\—Price changes 28% 28% 104 LY were irregular on the !ouru Three per cent rentes, 88 francs 10 centimes. Five per cent loan, 101 francs 90 centimes. Exchange on London, 123 francs 85 cenwnel The dollar was quoted at 25 francs 49 centimes. BUTTER UNCHANGED. CHICAGO, October 7 (#).—Butter— Reeelpu 10,309 mhl' nudy prices un- :}'I‘:n . vy TnEASUB! CERTIFICATES. ried by J. & W, Selisman & o) Dastrity, % Sese 11 ] 3 DR 133 Het DIVIDENDS DECLARED NEW YORK, October 7 (#).— - Hdrs. dss. € oct. 12 Oot! ga2a838 72 3 ] 3 2 ERETR gE888 £ BEuEE L88Gate Nab5asE ge8e8 2 83